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, if they don't focus on the weak economy, they don't deserve to be in power. this is an obvious answer. 24million people in america who are out of work or given up looking for work. we have the worst employment since the great depression. somebody has to be able to say hey, the government, the obama administration is responsible for this and the republicans can't make an issue out of it. >> who can leave the republicans at this difficult time? is it ted cruise of texas? >> there will be out of power for about generation. >> really? >> yes. >> why do you say that? >> because he is the far right of the american public and on the far right of the american people. he's an intelligent guy. he doesn't deserve -- >> he is extremely popular in texas. >> he isn't going to win the election for the republicans. the guy who can win the election is somebody like jeb bush who is a moderate, very effective governor. >> i think he is -- you are missing the problem, john. look, we now have half the american people are getting benefits directly from governor, including old folks and everyone else a
year you are going to see first the sense that the american economy, even if it doesn't grow as fast as everybody sees there are some numbers where you take absolute amount of american contribution to economic growth it might be bigger than china's by the time you put it all together because of the bigger economy, i think and you are raising american companies at the back of the top of things we do a list of the most valuable companies. three years ago the top ten were almost allstate owned, state capitalists entities and now nine out of the ten are american. and one reason why is because people, investors, when they look at these big stake companies they wonder how well they are run. i think american capitalism is sort of coming back, although with some problems and i think american government although you have the dysfunction there i think you will see dysfunction in china. >> rose: are you disagreeing? >> i don't disagree that much, i disagree a little bit. i think there are three big questions facing the word for next year, one is, is the u.s. economy going to accelerate? it has
needlessly inflicted considerable pain on the economy for the fourth quarter this year with absolutely nothing to show for it. i do think that is likely, the failure of those confrontations to produce any positive results makes it less likely that we get into the same kind of conflict we saw here in october of this year. so i think it's less likely to be a factor early next year than it was in fed decisions not to taper in september. so i don't think, unless the congress, once again, pursues a completely reckless path, i don't think that's going to be a stumbling block for the fed to begin to taper in the early part of next year. >> so what are the remaining risks for the u.s. economy? is it that weak to taper any stimulus? >> we've had a very huge amount of fiscal restraint on activity over the course of 2013 and that is likely to lessen as we move into 2014 and we ought to see some pickup but it's still the case that businesses remain very cautious. i think households as well certainly are remaining cautious. income growth hasn't been very swift. so i think domestically there is cert
as it comes in. let's catch up with the eurozone economy. numbers,are the jobless numbers, unemployment rate for europe still at a record high. 12.2% unemployment rate across europe. talking about 26.8 million people who don't have a job. the increase from when this crisis really took hold, which was say the end of 2008 in europe, 60 million people were unemployed. just over an extra 10 million people we're talking about who have lost their jobs since the crisis and the subsequent low growth. putting a dent the labor market in the region was perhaps reaching a turning point. that is out the window. this is serious stuff. we're talking about a situation that is like a dog chasing its tail. these economies the more domestic consumption. basically, people in their countries on the ground spending money. did the economy growing. a growing economy physically creates jobs. if you're unemployed, no job, you're not spending money, even if you have a job you're worried about the economy and you kind of hold back. it is this persistent dog chasing its tail. very tough to create job growth in this part
. >> our economies are very integrated. one would expect that they'll continue to be integrated. you know, so the idea that we're going to isolate them, i don't really see how that would work in any case. but if that were a goal of policy, if we actually could get to a situation where we did sort of separate the countries, that would not be a pretty picture. so i think we have to look to integrate with them and ideally on better terms than we currently have. >> some people refer to this pacific deal as the "north american free trade agreement on steroids." does that make sense to you? >> well, it does because the north american trade agreement in the end wound up helping corporations and didn't do much for american workers. in fact, there have been economists who've said that nafta produced as much as nearly a million job losses in the u.s. and the whole notion of this agreement is to facilitate the movement of capital and to give capital even more privileges than it has now. so, you know, workers, except for a few who have a seat at the table like the uaw, are basically at the back of th
economy and population is growing rapidly. so is the amount of trash and that's creating a problem. this is the only disposal site in the city. 1,500 tons of garbage is dumped at the site every day. at this rate, the site will be full in a few years. as the city searches for ways to handle all of the trash, a waste recycling company from kitakyushu city in western japan has started operating here in march. workers efficiently sort recyclable waste. like plastic and metal and items for composting. as a result the amount of garbage dumped has dropped by 50%. new jobs have been created as well. this man is a sales representative for the recycling company. he says the indonesian waste and recycling market offers great business opportunities. >> reporter: all waste used to be buried at the site. in japan, a lot of it would have been recycled. now the recycling gets done and locals earn money. there are many business opportunities here. >> reporter: the kitakyushu city government also supports the company's expansion into surabaya. for ten years the japanese city has also advised surabay
for the world's biggest economy but after the damaging government shutdown and some disappointing jobs numbers recently, the economy looks substantially weaker than it did before. the fed is expected to maintain its policy of record low interest rates and delay the reduction of that big bazooka, that massive stimulus program, $85 billion every month pumped into the economy and expected to keep that going at least until 2014 following the u.s. government debt crisis. the end of the u.s. stimulus would have global ramifications. the threat of so-called tapering has already impacted emerging- market currencies. the indian rupee has taken a bit of a battering. not a less of sugar in it. the government plans to reduce the sugar content of british jam. they say it will lead to the end of the british breakfast as the country knows it. we have implemented that manufacturers could introduce running your spreads with reduced sugar content similar to those sold in germany. a liberal democrat mp says they will be dull in color and will not taste as good or last as long. ministers say the regulatio
. and this book attempting to attack those two questions was fundmental to how the economy functions. as far as i'm concerned, there's one critical issue which i think probably more than any other was, that was essential for writing this book. i had to discard the basic premise which all classical economists or those of us who were involved in that form of economics and computer-base models, and have to look at fundamental premise. and i basically assumed as we all did that not only, that fundamental premise is that human beings act in their own long term self interest most of the time. but the general belief of all economists who are forecasting, is while it is not only most of the time but when it isn't, it's random. and you can disregard it because it can't be muddled. what shocked me is when i started to try to actually model it and i was getting extraordinarily, extraordinary results. >> rose: and what were they? >> basically, that so-called animal spirits, which is a term -- >> rose: talking about the john -- >> precisely. and they are deep seated aspects of human nature. predictable ways
of japan's economy is pushing up property prices in the country. and foreign investors are scrambling to get into the market. for many, the timing couldn't be better. nhk explains. >> reporter: this state agent tiawanese investors, many find it easy to do business in japan because it's nearby but asia has seen a surge in clients since the beginning of the year. >> translator: i'm attracted by prime minister's abe's policies and the exchange rate. many tiawanese people are starting to realize a change is taking place. >> translator: real estate is peaking in taiwan and the u.s. i believe japan is the next promising property market. it's time for it to start going up. >> reporter: the agent closed 70% more deals in september than during the whole of last year. prime minister abe's fiscal policies known as abenomics are behind the boom. land prices around urban areas rose for the first time in five years. investors expect abenomics to maintain the rising trend. foreigners are also attracted to the cheaper yen. the japanese currency has dropped against the u.s. dollar by 25% in one year.
professor craig wilder reveals how the slave economy and higher education grew up together. that "the american campus to it as a silent monument to slavery." welcome to democracy now! talk about america's most elite universities. what relation do they have to slavery? >> i think there are multiple relationships. the first and probably most provocative is the relationship to the slave trade itself. in the middle of the 18th century, from 1746 to 1759, fewer than 25 years, the number of colleges in the british colonies triples from 3 to 9. it triples and that 25- yearperiod which coincides with the height of the slave trade. it is precisely the rise in the atlantic economy based on the african slave trade that allows for this fantastic articulation of new growth of the institutional infrastructure. >> let's talk specifically about particular universities. you do look at some universities in the south, but also in the deep north. harvard. >> it is a very northern story. when you think about the colonial world, until the american revolution, there's actually only one college in the south,
her plans in her new role. >> my initiative as the chair will be to focus on jobs and our economy, and basically working with education and our employers to close the skills gap between our employers to close the skills gap. and what type of skill sets our workers have. >> governor fallin says her top priority is education. she says the national governors association wants the controversial no child left behind act will be reauthorized. fallin says that would help states for funding. >> in the meantime what the governors are doing is to work together to find the best practices, you know, what works best in our individual states and frankly what doesn't work as it relates to educational academic standards bringing more rigor to the classroom, being able to set goals and get specific results so we can have highly skilled educated workforce. >> critics question fallins' commitment to education. oklahoma, reportedly leads all other states when it comes to cutting per capita education setting. fallin insists that was done because state funding declined to emergency levels due to the re
this is the new brazil, it is the leading economy in latin america. it's now 1-2%. >> yes. well, you know, i'm a terrible skeptic about those gdp numbers. sometimes they say 1.3 or 3.1 or 2.2. if it's 1.6 you get depressed and you don't invest. it doesn't work like that. this is a very big measure of things going on, and has huge holes in gdp. like for example, if you make a hole and then fill it up again, it counts as gdp. so i have a lot of questions about gdp numbers. but having said that, we have gone through a period of slower growth. >> rose: because? >> well, again, government management in the last, in the last presidency calderon was disastrous. what he did in terms of putting the war a drugs on everybody's mind and scaring everybody about you can be killed if you visit mexico or you go to certain towns. i mean, that's not conductive to any kind of good business. >> rose: but the operative idea he had was we kind of wiped this out because it was hurting mexico in every way. recognizing the demand came to the united states otherwise it wouldn't have been the kind of business it was
carbon economy. >> what you think of the whole movement? and'm glad young people others are seeing the need to bring home. we can no longer investing companies that are part of the problem of the climate shocks we are suffering from. i speak openly and encouraged students and colleges to be part little bit like the energy behind the anti- apartheid movement when i was a student. we were all involved because we saw the injustice of it. there is an injustice in continuing to invest in fossil fuel companies that are part of the problem. my foundation has joined with an institute of the declaration of, justice. --, justice. climate justice. there's no point in going to the arctic and looking for new fossil reserves. >> i just gave the commencement address at hamsher college, which is one of the centers of this issue of divestment. , now president of hamsher college? >> yes, i know him and i am aware he is organizing a conference next year on the divestment issue. i think it is great for somebody who is so knowledgeable as he is is prepared to take a certain amount of political flak. it
, that brought the economy to its knees, and we've determined through our thorough investigation that there were no crimes," i don't think there was a thorough investigation. >> well, you wrote the other day that the federal judges seem to be losing patience with the banks. how so? >> there were a couple of cases that i highlighted because i thought it did show a new direction, a new sort of aggressiveness. you know, a lot of these judges -- bankruptcy judges in particular who have to see the bank's treatment of homeowners who've filed personal bankruptcy, they seem to really be getting fed up with some of the tactics that these -- the hardball tactics that the bank's litigants, you know, are doing in their courtroom. they've had to witness so many cases of banks running roughshod over borrowers whether it's by the banks not producing the documentation that proves that they own the note underlying the property, whether they produced erroneous figures about what the borrower owed. i mean, they have just seen chapter and verse over the last five years of really bad behavior by these banks. and i t
and then meeting the people, you become part of the party rather than just part of the economy. this is a realistic goal for any good traveler. eins, zwei, drei. [ chuckles ] take a moment to appreciate the alpine cheese. so older is better? oh, yes. i don't know. oh, yes, i always take the older. for me, it's a younger one. steves: once you're off the tourist track, make a point to connect with the living culture. pitch in, even if that means getting dirty. here, farmer peter's making hay while the sun shines. whether in a big city or a small village, your major expense each day is renting a bed. and you have lots of options. we'll review them from cheapest to most expensive. in rural settings, like here in gimmelwald, i like simple, less expensive accommodations. gimmelwald has a pension, a bed-and-breakfast, and a hostel. europe has thousands of hostels -- like gimmelwald's mountain hostel -- offering cheap dorm beds. while not for everybody, the price is certainly right. rather than privacy and your own bathroom, you'll enjoy a convivial camaraderie,
spur keeps its promises. despite the ups and downs of our economy, the world-wide demand for high-end luxury cars has not diminished. especially when you consider the rapid growth of the chinese market and their increasing desire for "western" luxury goods. and that's a perfect climate for the 2014 bentley flying spur. bentley has tried hard to reestablish its credentials as a luxury performance brand. but this flying spur shows they haven't forgotten potential buyers who prefer to enjoy their bentley from the backseat, letting a chauffeur take care of the driving. so, in that vain, the latest continental-based flying spur drops the continental name, as well as softens the ride, to heighten its overall prestige appeal. but that aside, it's still a continental under the hood, where you'll find the updated twin-turbo w12 engine in all of its glory, cranking out 616-horsepower and 590 pound-feet of torque. for now, the continental gt's optional v8 is not available. if you've ever had a chance to experience the tsunami of torque that can be unleashed from this engine, your life may ne
economies. the russians have watched china boom and they want a piece of that market.
dependence on china and renew their ties with japan as a counterbalance. japan's economy is also, of course, tightly linked to the u.s. economically and through their joint security alliance. for russia, any new framework with japan could drive a wedge in the alliance between japan and the u.s. there have been signs of improvement in relations since prime minister abe came into power, but russian leaders are demanding japan make concessions. so the russians will try to push for compromises from japan, while promoting dialogues for that new framework. >> reporter: the two sides have gone without a peace treaty for decades. prime minister abe has warned that there's no magic wand to settle the dispute, but he hopes that by talking, they can find some common ground. >>> a south korean court ordered a japanese company to compensate citizens who were sensed to japan as labor in world war ii. this is 68 years after the end of the war. a district court upheld the plaintiff's claims against mitsubishi heavy industries. four former workers and a family member representing deceased relativ
and again and again that they are willing to hijack the entire party and the country and the economy and grind progress to an absolute halt if they don't get 100% of what they want. [boos] this isn't just speculation, we saw it last month. here in virginia you felt the pain of the first government shutdown in 17 years. and there are a lot of states that felt more of the pain then folks right here in virginia. -- and there aren't a lot of states that felt more of the pain then folks right here virginia. city, dayyork laborers and their allies gathered sunday to call for immigration reform and to highlight the role of immigrant workers in the recovery effort after superstorm sandy, just over one year ago. the workers rallied in foley square to call for relief from deportation for workers who helped rebuild the city. a report shows 74% of construction workers who die on the job are latinos, even though census figures show latinos account for just 41% of such workers. pablo alvarado of the national day laborer organizing network said safety for relief workers is a key demand. ,> after a
to deal with the middle east. he would like to pivot to asia, that is where the economies are growing and he would like to walk away from the middle east and what we see, i think, all of these things that are happening that we can see post of which are bad, they are happening essentially in the absence of really strong american leadership. >> rose: what is going to happen in syria? >> blood. >> well, a good muslim will say, only allah knows. we don't know what is going to happen to syria. we don't know if syria will hold. we know syria is broken into these different parts. we do know that historically syria was, it has the sunni cities and damascus, it had the alawite coast and druid area in the southeast and kurdish part in the northeast, so in a way, syria itself is being tested and the proposition is being tested whether syria could hold together. one note on, i am very sympathetic to what david ignatius says that we can't really solve the sunni shia schism, the sunni shia schism dates back to karbala, it is not calling on the united states to solve that crisis but the united state
Search Results 0 to 33 of about 34 (some duplicates have been removed)